The ‘A+’ IDR of Indiana Municipal Power Agency’s (IMPA) and its bond ratings reflect Fitch Ratings’ very strong revenue defensibility, supported by the IMPA role as a wholesale power supplier serving 61 member-utility systems and the strong credit quality of the largest members. Members are bound by long-term, take-and-pay power supply contracts (PSCs), which ensure full cost recovery of all of IMPA’s costs.
Mon 06 Jan, 2025